Michigan Schools and Government Credit Union
Clinton Township, MI · EIN 38-1629793 · Rank 2,683 by total revenue
Founded by educators, michigan schools and government credit union has been providing quality financial services for 70 years and welcomes everyone in michigan to bank with us. as a not-for-profit, we give back to our members through better rates, fewer fees, free financial education, grants, scholarships, and community support. we work with our members to personalize plans and offer products and services to help meet their financial goals and increase their financial knowledge. msgcu offers a full range of loan, deposit, checking, credit card, mortgage, and insurance products. with 24 branches in macomb, oakland, wayne and washtenaw counties, msgcu has more than 161,000 members, over 470 team members, $4.3 billion in assets, and earned a 95% or higher member satisfaction rating for over 20 years. msgcu has also earned five stars, as reported by bauer financial, for more than 30 years, and has been honored as a top workplace by the detroit free press for the past 13 years.
Money, Form 990 for tax year 2025
- Total revenue
- $231,318,640
- Total expenses
- $195,685,755
- Total assets
- $4,286,069,600
- Salary base (all salaries and wages)
- $37,713,405
- Salaries, other pay and benefits
- $51,203,946
- Employees
- 557
- Salary base per employee
- $67,708
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (14)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Steve Brewer | PRESIDENT/CEO | Officer | 40 | $940,147 |
| Douglas Smith | BOARD CHAIRPERSON | Board | 1 | $3,963 |
| Richard Maierle | BOARD MEMBER | Board | 1 | $3,553 |
| Teresa Dimaria | BOARD MEMBER | Board | 1 | $2,144 |
| Dr Edward Callaghan | BOARD MEMBER | Board | 1 | $1,559 |
| Charles Thomas | BOARD MEMBER | Board | 1 | $889 |
| Dr William Cayen | BOARD VICE CHAIRPERSON | Board | 1 | None reported |
| Elizabeth Argiri | BOARD TREASURER | Board | 1 | None reported |
| Christina Ayar | BOARD SECRETARY | Board | 1 | None reported |
| James McCann | BOARD MEMBER | Board | 1 | None reported |
| Richard Shoemaker | BOARD MEMBER | Board | 1 | None reported |
| Lola Are | BOARD MEMBER | Board | 1 | None reported |
| Wanda Cook-Robinson | BOARD MEMBER | Board | 1 | None reported |
| Steven Gottlieb | BOARD MEMBER | Board | 1 | None reported |
Top 10 paid people listed
These 10 people received $3,364,701, which is 8.9% of the $37,713,405 salary base shared by 557 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Steve Brewer | PRESIDENT/CEO | Officer | 40 | $873,615 | $0 | $66,532 | $940,147 |
| Charumathi Hari | MORTGAGE CONSULTANT | Highly paid employee | 40 | $558,844 | $0 | $46,756 | $605,600 |
| Philip Cooper | CLO | Highly paid employee | 40 | $441,794 | $0 | $60,297 | $502,091 |
| Bryan Wielgat | CIO | Highly paid employee | 40 | $419,660 | $0 | $63,228 | $482,888 |
| Vallorie McBride | CFO | Highly paid employee | 40 | $387,655 | $0 | $65,527 | $453,182 |
| Rachel Fragnoli | SVP HR | Highly paid employee | 40 | $314,328 | $0 | $55,246 | $369,574 |
| Douglas Smith | BOARD CHAIRPERSON | Board | 1 | $3,963 | $0 | $0 | $3,963 |
| Richard Maierle | BOARD MEMBER | Board | 1 | $3,553 | $0 | $0 | $3,553 |
| Teresa Dimaria | BOARD MEMBER | Board | 1 | $2,144 | $0 | $0 | $2,144 |
| Dr Edward Callaghan | BOARD MEMBER | Board | 1 | $1,559 | $0 | $0 | $1,559 |
Sources
- IRS e-file return 202642659349300314 (Form 990, period ending 2025-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 38-1629793
- Organization website (as filed): www.msgcu.org